FUKOKU MUTUAL LIFE INSURANCE Co Acquires Shares of 1,003 Royal Caribbean Cruises Ltd. (NYSE:RCL)

FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,003 shares of the company's stock, valued at approximately $206,000.

Several other large investors have also modified their holdings of RCL. Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $707,833,000. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after acquiring an additional 2,068,114 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Royal Caribbean Cruises by 22,154.9% during the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after acquiring an additional 1,404,622 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Royal Caribbean Cruises by 3,544.4% during the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock valued at $222,166,000 after acquiring an additional 936,609 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after acquiring an additional 535,043 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded down $2.83 during mid-day trading on Friday, hitting $338.53. 2,285,700 shares of the stock were exchanged, compared to its average volume of 2,361,853. The firm has a fifty day moving average of $272.55 and a 200 day moving average of $242.35. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $342.56. The company has a market cap of $91.93 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.00 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the company posted $1.77 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.89%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group set a $311.00 price objective on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Susquehanna reduced their price objective on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Macquarie reduced their price objective on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Truist Financial boosted their price objective on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Barclays boosted their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $293.90.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.